HC Deb 21 December 1927 vol 212 c423W

asked the Under-Secretary of State for India whether it is the intention of the Government of India to introduce legislation for regulating insurance business in India, and to impose Regulations demanding deposit of security in the case of foreign companies engaged in insurance business in India?


A Bill for the purpose indicated was introduced in the Indian Legislative Assembly and referred to a Select Committee in 1926. I am not aware how matters now stand, but will inquire. The Bill required deposit of security in the case of Indian as well as foreign banks, with certain exceptions.

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